Make solid gift-giving, food and travel plans this holiday season

You’ve heard the saying that bad things come in threes? Well, get ready for the triple whammy that will be the 2021 holiday season.

You’d be hard pressed to find a time when the global supply chain was such a topic of widespread conversation. Whether it’s on social media or network news, discussions about shortages are everywhere. And they’re only intensifying. Add to that the inescapable impacts of rising inflation and the worsening labor shortage, and you have a triple threat that stands to demonstrably impact the holiday season.

The good news is, with a little planning, it’s possible to lessen the impact these factors can have on your household finances. But it requires a thorough and clear-eyed examination of three key factors.

More are traveling

While the numbers are still a little lower than they were before the pandemic, both international and domestic flight searches are up dramatically over 2020 levels – up to 212% higher in some cases, according to online travel agency Kayak.